LumiraDx Signed A Commercial Distribution Agreement With Axon Lab To Commercialize LumiraDx Platform, Diagnostic Tests To Include Exclusive Distribution Rights In Switzerland And Additional Non-exclusive Rights In Further European Countries
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LumiraDx has signed a commercial distribution agreement with Axon Lab to commercialize its platform and diagnostic tests. The agreement includes exclusive distribution rights in Switzerland and non-exclusive rights in other European countries.
July 31, 2023 | 10:03 am
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LumiraDx's new distribution agreement with Axon Lab could potentially increase its market reach in Switzerland and other European countries.
The agreement with Axon Lab provides LumiraDx with an opportunity to expand its market reach in Europe. This could potentially lead to increased sales and revenue, which would likely have a positive impact on its stock price in the short term.
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